ADM 477 Indiana Wesleyan University Constitutionality of Tariffs Under NAFTA Discussion

In 1993, the North American Free Trade Agreement (NAFTA) was enacted to promote economic growth and development among the United States, Canada, and Mexico. The trade agreement’s goal was to reduce and/or eliminate tariffs and other trade barriers. This in turn would eliminate excessive waste, expense, and other inefficiencies associated with the rules of trade in place at that time. Under NAFTA, workers in all three countries would benefit from the economic growth spurred on by free trade. Proponents of NAFTA stated that workers would enjoy higher wages and benefit from the uniform enforcement of their labor rights. In response to critics who argued that NAFTA would result in cheap labor and abusive labor practices, side agreements were made to prevent labor abuse and promote worker labor rights.

Upon successful completion of the course material, you will be able to:

Describe the regional international organizations affecting global business .

Resources

Textbook: The Legal Environment of Business

Video: North American Free Trade Agreement (NAFTA) Basics – Video #8

Background Information

In the 20-plus years since its enactment, critics of NAFTA argue that is has not lived up to expectations. One prime example is the United States’ trade deficit with Mexico. Although it was projected that NAFTA would result in lucrative trade surpluses with Mexico, the exact opposite has occurred. In addition, a 2013 study by Mexico’s tax administration found that, rather than increasing, Mexican worker wages actually were falling far below the pre-NAFTA levels.

In the United States, the trade deficit has caused an enormous displacement of workers and is a major contributor to the economic downturn in the manufacturing industry. As U.S. companies have moved factories across the border, communities have experienced economic instability because of the loss of their tax bases. Displaced workers find it very hard to maintain or recover their standard of living. In 2012, the U.S. Bureau of Labor Statistics determined that, on average, two out of three displaced workers who found other work could do so only at much lower pay. Needless to say, NAFTA is not exactly popular with the U.S. manufacturing industry. As domestic goods lose market share to cheap imports, manufacturing plants will continue to close. Sadly, the remaining plants are often unable to retool to offer new, better job opportunities for displaced workers.

   2/18/22, 12:36 PM
Preview Rubric: Course Assignments – 4WI2021 Business Law (ADM-447-01B) – Indiana Wesleyan University
Course Assignments
Course: 4WI2021 Business Law (ADM-447-01B)
Criteria
Content
Level 4
Level 3
Level 2
Level 1
30 points
25 points
20 points
15 points
(26–30 points
possible)
(21–25 points
possible)
(16–20 points
possible)
(0–15 points possible)
You address all of the
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assignment.
You address most of
the requirements of
the assignment.
You address some of
the requirements of
the assignment.
You address few or
none of the
requirements of the
assignment.
You display excellent
organization.
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You display good
organization.
You do not display
effective organization.
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Criterion Score
/ 30
1/3
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Criteria
Critical Thinking
Preview Rubric: Course Assignments – 4WI2021 Business Law (ADM-447-01B) – Indiana Wesleyan University
Level 4
Level 3
Level 2
Level 1
20 points
15 points
10 points
5 points
(16–20 points
possible)
(11–15 points
possible)
(6–10 points possible)
(0–5 points possible)
You demonstrate clear,
insightful critical
thinking when you:
You demonstrate
competent critical
thinking when you:
You demonstrate
limited critical thinking
when you:
You demonstrate little
or no critical thinking
when you:
Examine key
issues.
Scrutinize the
meaning of the
information.
Apply relevant
criteria to the
problem or
issue.
Describe key
issues.
Describe the
content of the
source
materials.
Describe the
meaning of the
information.
Define the
criteria and
reasoning used
to make
judgments.
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Mention key
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Record the
content found
in the source
materials.
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potential
meanings of the
information.
Identify criteria
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Criterion Score
/ 20
Do not raise key
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materials.
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Do not use
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Criteria
Grammar, Spelling,
Length, and
Citation
Preview Rubric: Course Assignments – 4WI2021 Business Law (ADM-447-01B) – Indiana Wesleyan University
Level 4
Level 3
Level 2
Level 1
10 points
7 points
4 points
2 points
(8–10 points possible)
(5–7 points possible)
(3–4 points possible)
(0–2 points possible)
Your sentence
structure is complete,
with correct spelling,
punctuation, and
capitalization, and
varied diction and
word choice.
Your sentence
structure has minor
errors (fragments, runons), with correct
spelling, punctuation,
and capitalization, but
limited diction and
word choice.
Your sentence
structure has several
errors in sentence
fluency, with multiple
fragments/run-ons and
poor spelling,
punctuation, and/or
word choice
Your sentence
structure has serious
and persistent errors in
sentence fluency,
spelling, punctuation,
and/or word choice.
Your assignment
length is correct, with
minor errors in APA
formatting.
Your assignment
length is inadequate,
with several APA
errors.
Your assignment
length is correct, with
correct APA
formatting.
Total
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/ 10
Your assignment
length is inadequate
with several APA
errors.
/ 60
Overall Score
Total Points
0 points minimum
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3/3